Yes, Venezuela has a central bank.
The Central Bank of Venezuela (Banco Central de Venezuela, or BCV) serves as the country's primary monetary authority.

Official Role

Established in the late 1930s, the BCV issues and regulates the Venezuelan bolívar, manages monetary policy, and oversees the national payment system. It coordinates with government economic strategies, though its autonomy has faced challenges from political reforms.

Historical Context

For decades after its founding around 1940, the BCV maintained low inflation rates of 2-3% through stable policies. However, economic crises intensified in the 1970s with oil nationalization and later socialist measures, leading to hyperinflation and sanctions.

Recent Developments

As of 2026, the BCV remains operational, with ongoing credit risk assessments and U.S. sanctions since 2019 targeting its role in regime finances. Despite economic turmoil—like worthless currency stacks noted in forums—the institution persists in Caracas.

TL;DR: Venezuela's Central Bank (BCV) exists and functions despite crises.

Information gathered from public forums or data available on the internet and portrayed here.